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Wednesday, September 14, 2011

Analyst Upgrades and Downgrades: (PCL), (MWV), (INSU), (GNET)

Plum Creek (PCL) recently had their rating changed from Market Perform to Outperform. BMO Capital Markets is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bullish sign for the company's share price, as these brokerages begin to tell their clients to start buying the upgraded stock. The shares may see a continued uptrend because of this. Analysts believe that the company's share price may begin to improve. The target price is currently set at $42 per share by the brokerage firm. Shares of PCL traded higher by 1.74% or $0.62/share to $36.22. In the past year, the shares have traded as low as $34.00 and as high as $44.28. On average, 1550780 shares of PCL exchange hands on a given day and today's volume is recorded at 758481.

MeadWestvaco (MWV) is currently being analyzed by the brokerage firm BMO Capital Markets. They have just changed their rating from Market Perform to Outperform. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. The target price is currently set at $30 per share by the brokerage firm. Shares of MWV traded higher by 2.1% or $0.56/share to $27.18. In the past year, the shares have traded as low as $23.49 and as high as $34.51. On average, 1682420 shares of MWV exchange hands on a given day and today's volume is recorded at 817134.

Insituform Tech (INSU) recently had their rating decreased from Perform to Underperform. Oppenheimer is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bearish sign for the stock, and this brokerage house may tell its clients to sell the stock. The share prices may fall because of this action. Analysts believe that the company's share price may begin to fall. Shares of INSU fell by 8.8% or $-1.36/share to $14.10. In the past year, the shares have traded as low as $13.01 and as high as $30.00. On average, 503606 shares of INSU exchange hands on a given day and today's volume is recorded at 399861.

Collins Stewart, the brokerage firm, has recently changed the rating on Global Traffic Network (GNET). They lowered the rating from Buy to Neutral. The brokerage firm believes the company is on the downswing and there could be potential savings or capital preservation in selling the stock now. Shares of GNET fell by 0.21% or $-0.03/share to $13.96. In the past year, the shares have traded as low as $4.79 and as high as $14.35. On average, 325257 shares of GNET exchange hands on a given day and today's volume is recorded at 261339.